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CRO Surges Nearly 40% as Trump Media Launches $6.4B Crypto Treasury Focused on CRO Holdings

Source Tradingkey

TradingKey – On Wednesday, August 27, the price of Cronos (CRO), the native token of Crypto.com, soared nearly 40%, jumping from $0.1533 to a high of $0.2124 — its strongest level since December 2024.

The rally was driven by news that Trump Media & Technology Group (DJT) has partnered with Crypto.com and Yorkville Acquisition Corp. to launch a new digital asset treasury company focused exclusively on CRO accumulation.

altText

CRO Price Chart – Source: TradingView

According to GlobeNewswire, the newly formed entity — Trump Media Group CRO Strategy, Inc. — will serve as a dedicated vehicle for building strategic reserves of CRO. The company is backed by an initial capital commitment of approximately $6.4 billion, sourced from four distinct channels:

Funding Source	Amount
Credit facility from Yorkville affiliate YA II PN, Ltd.	$5.0 billion
CRO tokens (6.3 billion CRO)	$1.0 billion
Cash from warrant exercises	$220 million
Direct cash injection	$200 million

Disclaimer: For information purposes only. Past performance is not indicative of future results.

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